4 x 1.5 MW, Wind Assets, Karnataka
Suzlon
Make
Of Machines
20
PPA
Tenure in Years
2008
Commercial
Operation
0.16
O&M Cost
Per Machine
In Lakh Rs.
3.4
PPA Rate
Rs. per KWh
15%+
Estimated
IRR In %
25%
PLF
Average
In %
3.6
EBITDA
Average
In Cr Rs.
Ask Price Rs. 21 Cr.
Successfully ClosedInvestment Rationale
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EBITDA Calculations
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Important Keys Points
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Year Generation(In Lakh kWh) Revenue (In Cr Rs.) O&M Expenses (In Cr Rs.) EBITDA (In Cr Rs.) CY 2012 139 4.72 0.75 3.96 CY 2013 137 4.46 0.79 3.87 CY 2014 122 4.14 0.82 3.32 CY 2015 120 4.07 0.83 3.24 CY 2016 125 4.24 0.89 3.35 -
Accelerated Depreciation
Accelerated Depreciation (80% in the 1st year) can be availed deferring the tax liability and increasing the returns.
Income Tax Holiday
The Seller has not availed 80IA benefit, thus the buyer can benefit from the tax free income.
Timely Payments
The DisCom has excellent track record of timely settlement of bills.
Long Term PPA Backed by Govt.
Residual life of 11 years, with a provision for further 10 year extension.
Relatively high IRR
The investment yields a higher IRR compared to other safe assets
Preferential Tariff
Relatively higher tariff as compared to the APPC cost resulting higher realizations to the investor.
No.5, 1st Floor, Surya Mahal Building
B.Bharucha Road,Kala Ghoda
Fort, Mumbai, MH 400001